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African Development Bank debars On-Track Technical Services Limited for 18 months for fraudulent practices26-Sep-2019 - The African Development Bank Group on 26 September 2019 announced the debarment of On-Track Technical Services Limited, a Uganda-registered engineering company, for 18 months after it found the company to be engaged in fraudulent practices.
Guinée : la Banque africaine de développement accorde un crédit de 8 millions de dollars à Vista Bank pour aider les PME agricoles26-Sep-2019 - Le Conseil d’administration de la Banque africaine de développement a donné son feu vert, mardi 24 septembre, à l’octroi d’une ligne de crédit de 8 millions de dollars américains au groupe bancaire Vista Bank en Guinée (Conakry).
UNGA 2019: Young Africans will “produce the magic” says AU chief as the UN sounds warning on Sustainable Development Goals26-Sep-2019 - Leaders should devise an “incentive structure” to promote a startup culture among young Africans. “I think they will produce the magic,” Albert Muchanga, the African Union’s Commissioner for Trade and Industry, told a gathering on infrastructure at the United Nations on Wednesday. Muchanga said colleagues were working to “harmonise our policies, rules and regulations” to smooth cross-border trade while focusing on the next generation.
25-Sep-2019 - Niger's President Mahamadou Issoufou called on Sunday for a "global response" to the problems of land degradation that threaten the arid Sahel belt. Addressing a meeting of the Climate Commission for the Sahel Region at the United Nations, Mahamadou said the region's 250 million people are struggling with drought, desertification and other impacts of climate change. "The situation in the Sahel has global stakes, and it requires a global response," said Issoufou.
25-Sep-2019 - African Development Bank President Akinwumi Adesina on Tuesday pledged to boost funding commitments by $12.5bn to help countries adapt to the effects of climate change between 2020 and 2025. Addressing UN talks on climate change adaptation, Adesina said the Bank was doubling commitments to climate finance to $25bn for the five-year period, half of which would fund climate adaptation.
UNGA 2019: Women are “Africa’s tigers” says Congolese First Lady as African Development Bank touts $3bn fund25-Sep-2019 - African women are on the cusp of securing gender equality. “We are convinced that the moment for African women has now come,” said Antoinette Sassou Nguesso, the First Lady of the Republic of Congo. Nguesso made the remarks on Tuesday at a meeting of the Organization of African First Ladies for Development (OAFLAD) on the sidelines of the UN General Assembly. “The tiger doesn’t claim its tigerhood, and it has to act like a tiger,” Nguesso, president of OAFLAD, said in French via an interpreter.
25-Sep-2019 - African Development Bank President Akinwumi Adesina on Tuesday unveiled ambitious plans to scrap coal power stations across the continent and switch to renewable energy at United Nations climate talks on Monday. Addressing a gathering of leaders and officials from almost 200 countries in New York, Adesina outlined efforts to shutter coal-fired power plants and build the "largest solar zone in the world" in the arid Sahel belt.
25-Sep-2019 - “Energy, passion and a lot of young people who care about nutrition” will underpin the Scaling Up Nutrition (SUN) Movement’s newest phase, alongside stronger private sector engagement, members of the Lead Group heard on Tuesday. The meeting of the group’s leaders took place at the UNICEF headquarters in New York on the sidelines of the UN General Assembly. The participants met to decide on the continuation of the SUN Movement into its third phase (2021-2025) and to make commitments to achieve its key objective – to eliminate all forms of...
Sénégal : la Banque africaine de développement approuve plus de 22 millions d’euros à la BNDE pour soutenir les PME et la création d’emplois en zone rurale25-Sep-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, mardi 24 septembre à Abidjan, une ligne de crédit de 22,5 millions d’euros, dont 15 millions de ressources de la Banque et 7,5 millions de ressources de Africa Growing Together Fund (AGTF: Fonds de cofinancement Banque africaine de développement et Banque Populaire de Chine), pour soutenir la Banque nationale pour le développement économique (BNDE) du Sénégal.
24-Sep-2019 - For more on the African Development Bank at UNGA2019, click here
23-Sep-2019 - Multilateral Development Banks have been at the forefront of supporting our clients’ efforts to pursue ambitious climate action for more than a decade. In light of growing climate change impacts, including on the poorest and most vulnerable, each of our institutions is taking urgent action to help our clients adapt to and mitigate climate risks. These actions include: ACTION 1: Each institution has individually committed to support increased climate finance levels over time:
23-Sep-2019 - In recent years, “stranded assets” have attracted a lot of interest, as climate-driven changes to our physical environment amplify the calls for a seamless transition to low-carbon pathways. More than 185 countries have agreed to leave two-thirds of proven fossil fuels in the ground, in order to meet the Paris Agreement climate target of keeping global warming below 2 degrees Celsius.